The Board of Directors of Nordea Bank AB (publ) has decided, in accordance with an authorisation given by the Annual General Meeting on 24 March 2011, on a directed offer to repurchase 4,730,000 C-shares from Royal Bank of Scotland ("RBS"). Nordea's Annual General Meeting decided on a directed issue of 4,730,000 C- shares to RBS and an authorisation to the Board of Directors to repurchase the C-shares. The issue and repurchase are part of the implementation of Nordea's Long Term Incentive Programme 2011. Acquisition will be made during the period 5 May - 20 May 2011. Payment for acquired shares will be made in cash, and the price per share will be EUR 1 plus an administration fee. The price is expected to amount to approximately EUR 1.003 per share. Acquisition also includes a so- called interim share, designated by Euroclear Sweden AB as a "paid subscription share" (Swedish "BTA") relating to a C-share. Nordea currently holds 15,293,180 own ordinary shares and no own C-shares or paid subscription shares relating to a C-share. RBS has informed Nordea that it intends to accept the offer. After all 4,730,000 C-shares have been acquired, the Board of Directors intends to convert them to ordinary shares. For further information: Steen Christensen, Group Human Resources, +45 3333 3049 Erik Durhan, Group Identity and Communications, +46 8 534 914 36 The information in this press release is such that Nordea shall announce publicly according to Act (1991:980) regarding trading with financial instruments and/or Act (2007:528) regarding the securities market. [HUG#1509809]
Repurchase of C-shares for Long Term Incentive Programme 2011
| Source: Nordea Bank AB (publ)